Illinois Tool Works (ITW) Stock Forecast & Price Target

$255.45 -5.07 (-1.95%)

Closing price 03:59 PM Eastern

Extended Trading

$255.54 +0.08 (+0.03%)

As of 07:57 PM Eastern

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Illinois Tool Works - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Reduce

Based on 13 Analyst Ratings

Sell
5

Hold
6

Buy
2

Based on 13 Wall Street analysts who have issued ratings for Illinois Tool Works in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 13 analysts, 5 have given a sell rating, 6 have given a hold rating, and 2 have given a buy rating for ITW.

Consensus Price Target

$270.46
5.88% Upside

According to the 13 analysts' twelve-month price targets for Illinois Tool Works, the average price target is $270.46. The highest price target for ITW is $295.00, while the lowest price target for ITW is $250.00. The average price target represents a forecasted upside of 5.88% from the current price of $255.45.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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ITW Analyst Ratings Over Time

Type	Current Forecast 5/7/25 to 5/7/26	1 Month Ago 4/7/25 to 4/7/26	3 Months Ago 2/6/25 to 2/6/26	1 Year Ago 5/7/24 to 5/7/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)
Hold	6 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)
Sell	5 Sell rating(s)	5 Sell rating(s)	5 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$270.46	$271.85	$270.54	$253.67
Forecasted Upside	5.88% Upside	4.96% Upside	-7.87% Downside	5.50% Upside
Consensus Rating	Reduce	Reduce	Reduce	Hold

ITW Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ITW Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Illinois Tool Works Stock vs. The Competition

Type	Illinois Tool Works	Industrials Companies	S&P 500
Consensus Rating Score	1.77	2.45	2.52
Consensus Rating	Reduce	Hold	Moderate Buy
Predicted Upside	5.88% Upside	217.54% Upside	14.94% Upside
News Sentiment Rating	Positive News See Recent ITW News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
5/4/2026	Citigroup 4 of 5 stars	Andrew Kaplowitz 5 of 5 stars	Boost Target	Neutral	$284.00 ➝ $287.00	+12.29%
5/4/2026	Wells Fargo & Company 3 of 5 stars	Joseph O'Dea 5 of 5 stars	Boost Target	Underweight	$245.00 ➝ $255.00	-0.23%
5/1/2026	JPMorgan Chase & Co. 3 of 5 stars	Tami Zakaria 5 of 5 stars	Lower Target	Overweight	$303.00 ➝ $295.00	+15.88%
4/30/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Sell	$254.00	-1.55%
4/27/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy (B-)
4/1/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Julian Mitchell Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Underweight	$275.00 ➝ $250.00	-4.28%
2/27/2026	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Underperform	$276.00 ➝ $295.00	+2.00%
2/4/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Neutral	$285.00	-1.11%
2/4/2026	Robert W. Baird Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Mircea Dobre Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$278.00	-0.06%
2/4/2026	Truist Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jamie Cook Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Hold	$275.00 ➝ $280.00	-1.79%
Get the Latest News and Ratings for ITW and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Illinois Tool Works and its competitors with MarketBeat's FREE daily newsletter.
11/18/2025	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Andrew Obin Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Underperform ➝ Neutral	$220.00 ➝ $255.00	+5.63%
11/17/2025	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	David Raso Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Underperform	$261.00 ➝ $253.00	+5.09%
10/2/2025	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Hold	$265.00 ➝ $268.00	+3.00%
7/31/2025	Stifel Nicolaus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Nathan Jones Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Hold	$255.00 ➝ $261.00	+1.75%
12/6/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Hold	$255.00 ➝ $290.00	+5.35%
7/31/2024	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	John Eade Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Strong-Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 12:58 AM ET.

Should I Buy Illinois Tool Works Stock? ITW Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, May 7, 2026. Please send any questions or comments about these Illinois Tool Works pros and cons to contact@marketbeat.com.

Illinois Tool Works
Bull Case

Here are some ways that investors could benefit from investing in Illinois Tool Works Inc.:

The current stock price is around $260, which may present a buying opportunity for investors looking for value in the industrial sector.
Illinois Tool Works Inc. reported a strong earnings performance, with earnings per share (EPS) of $2.66, exceeding analysts' expectations, indicating robust financial health.
The company has a solid revenue growth of 4.6% year-over-year, showcasing its ability to expand and adapt in a competitive market.
With a market capitalization of approximately $75.11 billion, Illinois Tool Works Inc. is a significant player in the industrial manufacturing sector, providing stability and potential for long-term growth.
The firm has a consistent dividend payout, with an annualized dividend of $6.44, offering a dividend yield of 2.5%, which can be attractive for income-focused investors.

Illinois Tool Works
Bear Case

Investors should be bearish about investing in Illinois Tool Works Inc. for these reasons:

The stock has received mixed ratings from analysts, with two Buy ratings, six Hold ratings, and five Sell ratings, indicating uncertainty in its future performance.
Illinois Tool Works Inc. has a relatively high debt-to-equity ratio of 2.04, which may raise concerns about its financial leverage and risk in economic downturns.
The average price target from analysts is around $270.46, suggesting limited upside potential from the current stock price.
Despite recent revenue growth, the company has a high price-to-earnings (P/E) ratio of 24.21, which may indicate that the stock is overvalued compared to its earnings.
The company's average rating is "Reduce," which may signal caution for investors considering entering or holding a position in the stock.

ITW Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Illinois Tool Works is $270.46, with a high forecast of $295.00 and a low forecast of $250.00.
: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Illinois Tool Works in the last twelve months. There are currently 5 sell ratings, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" ITW shares.
: According to analysts, Illinois Tool Works's stock has a predicted upside of 5.88% based on their 12-month stock forecasts.
: Illinois Tool Works has been rated by research analysts at Barclays, Citigroup, JPMorgan Chase & Co., The Goldman Sachs Group, Weiss Ratings, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: Analysts like Illinois Tool Works less than other "industrials" companies. The consensus rating for Illinois Tool Works is Reduce while the average consensus rating for "industrials" companies is Hold. Learn more on how ITW compares to other companies.

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This page (NYSE:ITW) was last updated on 5/7/2026 by MarketBeat.com Staff.

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Illinois Tool Works (ITW) Stock Forecast & Price Target

Illinois Tool Works - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

ITW Analyst Ratings Over Time

ITW Analyst Recommendations By Month

ITW Price Targets by Month

Illinois Tool Works Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Illinois Tool Works Stock? ITW Pros and Cons Explained

Illinois Tool Works
Bull Case

Illinois Tool Works
Bear Case

ITW Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Illinois Tool Works Recommendations

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Illinois Tool Works (ITW) Stock Forecast & Price Target

Illinois Tool Works - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

ITW Analyst Ratings Over Time

ITW Analyst Recommendations By Month

ITW Price Targets by Month

Illinois Tool Works Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Illinois Tool Works Stock? ITW Pros and Cons Explained

Illinois Tool Works Bull Case

Illinois Tool Works Bear Case

ITW Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Illinois Tool Works Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Illinois Tool Works
Bull Case

Illinois Tool Works
Bear Case